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NexGen Energy (TSX:NXE) has reported assay results for one hole from its recently completed winter 2016 drilling program on its 100 percent owned Rook I property in the Athabasca Basin in Saskatchewan. As quoted in the press release: Assay results have established that hole AR-16-81c2 has discovered a new zone of high-grade uranium mineralization in …
NexGen Energy (TSX:NXE) has reported assay results for one hole from its recently completed winter 2016 drilling program on its 100 percent owned Rook I property in the Athabasca Basin in Saskatchewan.
As quoted in the press release:
Assay results have established that hole AR-16-81c2 has discovered a new zone of high-grade uranium mineralization in what has been named the A5 shear. The A5 shear is located adjacent southeast of the A4 shear as shown in Figures 1 and 2.
Highlights:
New A5 Shear Discovery • AR-16-81c2 (discovery hole) intersected 9.5 m at 2.08% U3O8 and 4.0 m at 5.18 % U3O8 and 6.5 m at 2.55% U3O8.
Additionally, when not considering internal dilution, AR-16-81c2 intersected 58.5 m at 1.26% U3O8 (848.5 to 907.0 m) in the A5 shear.
The Arrow Deposit is now comprised of five high-grade shear zones; A1, A2, A3, A4 and A5 that are subparallel to each other and have a combined thickness of 280 m. The A5 shear is completely untested between hole -81c2 and the unconformity which is approximately 105 m below surface or 685 m above the hole. The mineralized zone intersected in AR-16-81c2 is open in all directions.